The highlights of the interview support is more hawkish stance which is not set to cut rates
Inflation closer to 3% than 2%: Cutting rates now could worsen inflation expectations.
Policy stance: Wants “very definitive data” before changing policy.
Powell to speak Friday: His remarks will be closely watched for policy direction.
Business sentiment: Despite softer jobs data, Schmid sees optimism among business contacts.
Current stance on rates: Feels policy isn’t meaningfully restricting the economy at present.
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